Which of the following is used to manage employee performance and to align all employees with the key objectives a firm needs to achieve its strategic goals? In Exercises $15$ through $20$, find the particular solution of the given differential equation that satisfies the given condition. You would most likely use the ________ ratio. 57) Which of the following is a course of action that answers the question, "How do we get from here to there?". | $1,000+$ | $16.50$ | $800-1,199$ | $16.60$ | Short-term investments that have a maturity date no longer than three months from the date of purchase. 70) The specific human resource policies and practices used to support a firm's strategic goals are known as human resource strategies. Emery uses 800 pounds per month of the chemical, estimates the holding cost to be $50 \%$ of the purchase price (because of spoilage), and estimates order costs to be $\$ 50$ per order. Which of the four disciplines that helps shape our understanding of consumer behavior is defined as the study of the development, structure, functioning and problems of human society? True or False: According to the Keown book, Mint and Level Money are two of the best smartphone apps for tracking your spending and setting up a budget. d. Which portfolio would a gambler choose? Sweet Leaf Tea recently received multi-million dollar investments which will enable the business to expand its national presence. On a multiple-step income statement, which of the following account balances would normally appear below the "operating income" subtotal line? This means that now customers ________. easily able to cover its financial obligations. In the RYAN'S RUNNERS MINI CASE, the process of dividing the athletic market into different subsets of shoe consumers, such as runners, basketball players, and golfers, is known as ________. The note's face value plus interest will be due when the note matures on April 1, 20X2. Online companies create a ________: consumers gain information that turns them into sophisticated customers, opportunities to customize products easily, and entertainment content; marketers gain information about consumers that allows them to be more efficient and precise when marketing their products. ________ planners charge a fee that is reduced by the amount of the commissions they earn. Inventory records for NoleCo revealed the following: During periods when inventory costs are rising, cost of goods sold will most likely be, a. Your ________ is found by dividing monetary assets by current liabilities and is a good measure of liquidity. How were political campaigns in the late 1700s and 1800s different from campaigns in the 1900s? \textbf{of Days Past Due)} & \textbf{on December}\ \bm{31} & \textbf{Uncollectible Accounts}\\ A statement that records where your money has come from and where it has gone over some period of time is called a(n). 78) A ________ metric focuses on measuring the activities that contribute to achieving the company's strategic aims. There is no "I" in team C. Two heads are better than one D. The whole is greater than the sum of the parts E. If it doesn't kill you, it makes you stronger, 2. var i=d[ce]('iframe');i[st][ds]=n;d[gi]("M331907ScriptRootC243064")[ac](i);try{var iw=i.contentWindow.document;iw.open();iw.writeln("");iw.close();var c=iw[b];} All of the following are commonly used HR metrics EXCEPT ________. 79) An HR specialist conducting an HR audit should review which of the following when auditing recruitment and selection practices? Journalize the transactions for $2010$ under the allowance method, assuming that the allowance account had a beginning balance of $\$12,000$ on January $1$, $2010$, and the company uses the analysis of receivables method. The primary purpose of strategic human resource management is to ________. WebStudy with Quizlet and memorize flashcards containing terms like 1. d. The company does not require the bank deposit slip to be compared to the accounting records if the employee who made the deposit has been an employee for at least five years. At December 31, Gill Co. reported accounts receivable of $240,000 and an allowance for uncollectible accounts of $200 (debit balance) before any adjustments. WebThe current ratio is an indication of a firm's liquidity. Personal selling is considerably more effective at creating a satisfied customer than other forms of promotion. If your liabilities are greater than the value of your assets you are considered, Practical uses of an income statement include. In which step of the strategic management process is the sales director involved? They have listed the following items from their If the amount of Bad Debt Expense for the year is $18,000, what is the amount written off for the year? 43) By emphasizing the safety of its cars, Volvo stands out as an example of a firm that is implementing a differentiation strategy. c. omission of upstream and downstream costs. Having negative net income every once in a while is not such a bad thing as long as you have planned for it. In the consumer decision-making process, the ________ stage influences the consumer's recognition of a product need. Which of the following tools does Stan most likely use? For financial reporting purposing, which of the following items should be included in the "Cash and Cash Equivalents" total on the balance sheet? A company must guard against a current ratio that is too high, especially if caused by idle cash, slow-paying customers, and/or slow-moving inventory. 18) A company's ________ strategy identifies the basic courses of action that each department will pursue in order to help the business attain its competitive goals. How would an income statement help you create a financial plan? Materials were acquired to assemble 900 Style BB-01 units for October. a. According to the Keown book, the most popular personal financial management program for the PC is. Patty has $9,000 in monetary assets, annual living expenses of $36,000, a $12,000 car loan balance, and $45,000 in equity in her house. Personal selling can be directed only to qualified prospects. Organizations can improve the quality (efficiency and/or effectiveness) of a process in one of three ways: A. When an actual bad debt occurs, what effect does it have on the accounting equation? At the end of the first year, how many shares are authorized, issued, and outstanding? \text{Mary Adams} & 1,675\\ Which financial statement summarizes a company's cash receipts and cash disbursements for a period of time? (Check all that apply). 6) A team of managers has been assigned the task of developing and implementing a strategic plan using the strategic management process. In tailoring the plan for a specific group of consumers based on their particular needs, Matt's Mobile Services has provided an example of ________. They will pay off their car loan in three years, their gross household income is $5,700 per month, and they receive $95 per month in interest income from their investments. 68) Suzanne, an employee at Sound Wave Systems, believes that the firm's warehouse is an unsafe environment due to slippery floors and faulty stair rails. At the end of the year, Wolfpack estimates that an additional $5,000 in discounts, returns, and allowances will occur next year as a result of sales transactions this year. Sarah has $15,000 in monetary assets, $48,000 in annual living expenses, a $20,000 balance on her car loan, and $60,000 of equity in her house. A firm wants to strengthen its financial position. This selection of a specific market segment is known as ________. The 11-year-old company has 50 employees, and its products are available in 30% of the U.S. market. WebStudy with Quizlet and memorize flashcards containing terms like Tim and Autumn Davis are trying to figure out their current financial health. (underestimated). 32) A firm's functional strategies identify the broad activities that each ________ will pursue in order to help the firm accomplish its competitive goals. 69) Goals are initiated by the bottom level of an organization according to the hierarchy of goals approach to strategic planning. Turner Inc. buys and sells merchandise sold on a local college campus. Which do you prefer? What should Ray Inc. record on July 25? What is the profit rule used in cost-benefit analysis to decide whether or not to build or expand a business? What is Gross Margin? Ryan runs a store that caters to athletes. Tim and Autumn Davis are trying to figure out their current financial health. 42) Firms that open facilities overseas are implementing a functional strategy of geographic expansion. The three distinct but interlocking steps of the consumer decision-making process are ________. Which of the following determinants of customer satisfaction with online websites and merchants while shopping online is characterized by the customer's willingness to count on the merchant to successfully complete the purchase transaction and feeling the merchant is reliable and honest? Cookies are used to track who is interested in what online and sold on exchanges like ________ to other companies who are interested in targeting people based on their interests. In the CAR MINI CASE, which of the following elements of the marketing mix was central to Ford's business model? True or False: Having negative net income every once in a while is not such a bad thing as long as you have planned for it. **Pay special attention to whether prices are rising or declining. The company requires its checks to be used in random order. The process of dividing a market into subsets of consumers with common needs or characteristics is known as ________. Arbor Co. manufactures appliances at 3 facilities. 17) What does a company's business-level strategy identify? Mar. As a customer's account receivable balance is specifically written-off due to its being uncollectible, what is the effect on the company's total assets amount? WebStudy with Quizlet and memorize flashcards containing terms like the interest rate a company pays on loans outstanding depends on, the factors that affect worker productivity include, at the end of Year 10, going into Year 11, the company's production capability was and more. In the CAR MINI CASE, Ford's business strategy focused on ________. You are evaluating two different silicon wafer milling machines. Which of the following financial documents would you to use to create a financial plan? An expenditure over which you have control and are not obligated to make, and which may vary from month to month is called a ________ expenditure. He just broke his leg and will not be able to work for six weeks. \end{array} D) inefficiency in the management to focus on new products. The cost of unsold inventory at the end of the year is classified as a(n) ________ in the ________. Courtney's decision to purchase a Dell signifies the output stage of decision making. Hall, $\$4,200$.\ \begin{array}{lcccccc} 36^{\circ} The actions that consumers display in searching for, purchasing, using, evaluating, and disposing of products and services that they expect will satisfy their needs is known as ________. Reinstated the account and recorded the cash receipt.\ f(x)=\left\{\begin{array}{cc}{\frac{5}{x(x-2)}} & {\text { if } x \geq-1} \\ {5 x-1} & {\text { if } x<-1}\end{array}\right. Nov. $\hspace{2pt}23$. The segment margin equals the segment's cm less the segment's ___ fixed costs. c. Incorrect. Develop a scope statement for this project that contains examples of all the elements. Which of the following is the primary benefit of MBO? process for the location. 102) Reese Enterprises seeks to fill upper-level positions internally whenever possible and uses validated selection tests when considering external hires. (Select all that apply.) WebStudy with Quizlet and memorize flashcards containing terms like The journal entry to record the payment for merchandise previously purchased on account includes a _____. Which of the following refers to any factors that allow a company to differentiate its product or service from those of its competitors to increase market share? Tanya and her marketing team at a fast food restaurant are breaking their company's target audience into groups that have shared needs that are different from the needs shared by other groups. 8) Which of the following is a simple guide used to compile relevant information about economic, competitive, and political trends that may affect a firm? Phases B. Milestones C. Estimates D. Activities, Marcy, the project manager for the ERP Project, is about to complete the Project Phase Review. After consulting the employee manual, Suzanne writes a letter about the situation to her immediate supervisor. Build an impressive slide deck in minutes, craft an insightful icebreaker instantly, or find a new These expectations affect ________. The ________ of the California Energy Commission indicates that the organization assesses and acts through public and private partnerships to improve energy systems that promote a strong economy and a healthy environment. A management team at the firm is following the steps of the strategic management process. Wrote off the following accounts as uncollectible (record as one journal entry): Interest earned on the bank balance that the company has not recorded b. WebStudy with Quizlet and memorize flashcards containing terms like Which of the following is true with regard to strategic planning? \text{Rai Quinn} & \$1,200\\ This is an example of ________. Which of the following terms refers to the quantitative measure of a human resource management yardstick such as employee turnover or qualified applicants per position? Post-purchase benefits such as warranties and return policies are part of the place element of the marketing mix. 2. His division was focused on producing a word processing software that performs better and has more features than any competitive product, so they added every feature that was technically feasible. Which of the following customer retention measurement methods is described: the percentage of customers at the beginning of the year that are still customers by the end of the year? b. has a cm that cannot cover traceable fixed costs. What is the total cost for the most economic order size. In a suburb, housing costs have been increasing at $5.2 \%$ per year compounded annually for the past $8$ years. 15) What does a company's corporate-level strategy identify? Ending inventory is $100,000. WebStudy with Quizlet and memorize flashcards containing terms like The risk structure of interest rates is, The risk that interest payments will not be made, or that the face value of a bond is not repaid when a bond matures is:, Bonds with no default risk are called: and more. The government wants to encourage buyers to buy such furniture and imposes a A ratio below 0.5, meanwhile, indicates that a greater portion of a company's assets is funded by equity. The main contents of a typical business plan include all of the following EXCEPT ________. The "Interest Revenue" account should be credited for $50. On the customer profitability pyramid, Gloria is most likely to fall into the ________ tier. |*VENDOR 1* | | *VENDOR 2* | | The three drivers of successful relationships between marketers and customers are customer value, high levels of customer satisfaction, and customer retention. (check all that apply). Harley-Davidson sells a line of boots, helmets, and leather jackets indicating that the the firm is pursuing which of the following strategies? WebCannabidiol (CBD) is a phytocannabinoid discovered in 1940. In your own words, redefine the meaning of "grassroots lobbying". Sophisticated marketers today practice selective relationship building, which can lead to companies rejecting or firing certain types of consumers. Based on the three criteria for successful customization, which of the following is least likely to be effectively customized? WebStudy with Quizlet and memorize flashcards containing terms like Match the example with the correct market modification method: The Florida Orange Growers Association advocates drinking orange juice throughout the day rather than for breakfast only. Matt's Mobile Services has designed a cell phone plan especially for tech-savvy teens who are heavy cell-phone users and live in households earning over $150,000 per year. Courtney has been looking at laptop computers for a while and has decided to purchase a Dell. Lower under weighted average cost than LIFO. WebA company can increase its current ratio by: Question 1 options: a) Increasing current assets b) Decreasing current assets c) Increasing current liabilities d) Decreasing total liabilities Expert Answer Increasing current assets the above is ans View the full answer Previous question Next question Megan uses Bed Head hair products and enthusiastically recommends them to others any time she receives complements on her hair. What is her month's living expenses covered ratio? Sweet Leaf Tea, a Texas-based maker of bottled iced tea, is a small but fast-growing firm that has gained a loyal following for its use of fresh, organic ingredients in its beverages. and more. 84) Using data, facts, scientific rigor, and case studies to support HR management proposals and practices is best known as ________. Determine the proceeds of the note, assuming the note is discounted at 10%. in one second? In which step of the strategic management process is the sales director most likely involved? She typically only spends the minimum required to qualify for the promotion. [1] In many cases, a creditor would consider a high current ratio to be better than a low current ratio, because a high current ratio indicates that the company is more likely to pay the creditor back. 89) Which of the following is a software application used to evaluate data about employee backgrounds, capabilities, and performance for the purpose of predicting employee retention? Cross-screen marketing consists of tracking and targeting users across their computers, mobile phones and tablets. The articles of incorporation allow for the issuance of 1 million shares of common stock. In which step of the strategic management process is GM currently focusing? 3. True or False: Insolvency results from earning more than you spend. Assume that the event will occur in 4 weeks and provide your best guess estimate of the dates for milestones. From her annual salary of $72,000, Kierstan has $5,700 automatically deducted for insurance on an annual basis. Which of the following most likely serves as the basis for the HR strategies developed by the majority of firms? 54) Which of the following is the most likely source of a company's hierarchy of goals? All of the following are services that human resource consulting companies provide during mergers and acquisitions EXCEPT ________. The internet offers marketers the ability to customize their products, services, and promotional messages to individual consumers, as seen in how Amazon.com sends emails to customers who are interested in a product category telling them about a new promotional offer. His primary focus is on getting consumers to purchase as many widgets as possible to ensure that he is maximizing his sales relative to his production capacity. During the year, GTech purchases inventory for $230,000 and has cost of goods sold equal to $233,000. Which of the following is a simple guide used to compile relevant information about economic, competitive, and political trends that may affect a firm? 030\ \text{days} & \$200,000 & \hspace{12pt}2\%\\ Segmented incomes statements are prepared for each store and for each product line in each store. B) A strategic plan deals with a company's short-term goals. WebA high percentage of R&D/Revenue ratio indicates a(n): A) strong focus on marketing and sales to promote products and services. A professor teaches a large class and has scheduled an examination for 7:00 p.m. in a different classroom. 10) Last year, General Motors began a strategy to improve product quality and customer satisfaction. What is his current ratio? The salary of each plant manager is a: Absorption costing treats all manufacturing costs as product costs. Match each of the following descriptions with the component of internal control being described. Companies like Ferrari are known as ________ because they carve out a market niche and compete by providing a product that customers can attain in no other way. Whereas a merchandiser usually has one inventory account, a manufacturer has which of the following? Why? With regard to health insurance, Norman is best described as a(n) ________. Absorption and variable costing always result in the same net operating income each year, Net operating income under absorption costing is generally ___ net operating income under variable costing in periods in which inventory increases. destination point and we are doing the accounting from the standpoint of the seller of these goods, title passes at the _____ and our company _____ be responsible for the freight charges. A company reported the following amounts at the end of the year: total sales revenue = $500,000; sales discounts = $10,000; sales allowances = $15,000; net revenues = $440,000. WebOn March 15, the Bank of Algeria lowered the reserve requirement ratio from 10 percent to 8 percent, and its main policy rate by 25 basis points to 3.25 percent. Without a paycheck for six weeks, what will Hector most likely experience? A) the production orientation B) consumer behavior C) narrowcasting D) positioning E) the Employee turnover is highmost employees at MAX leave within 2 years or less of being hired. WebCreate truly unique presentations Use a wide range of interactive slides to pose questions, gather feedback, and connect with your audience. As of 2019, clinical research on CBD included studies related to anxiety, cognition, movement disorders, and pain, but there is insufficient high May 1: Debit Cash 600, Credit Service Revenue 600. Suppose that Jacob's assets include a motorcycle worth $12,000 and a checking account with a $3,000 balance, while his liabilities include a credit card balance of $4,000 and a motorcycle loan balance of $7,000. 880 units of Style BB-01 were completed in October. The "Sales Revenue" account should be credited for $18. All of the following are roles that departmental managers would most likely have in the strategic planning process EXCEPT ________. From the Keown book, you have learned that a budget. 72) Employees' skills and commitment create a competitive advantage in service industries, but technology is the primary key to a competitive advantage in manufacturing industries. Emerging digital technologies are allowing consumers to have more power than ever before. Customer profitability-focused marketing ________. Reese Enterprises seeks to fill upper-level positions internally whenever possible and uses validated selection tests when considering external hires. In the RYAN'S RUNNERS MINI CASE, which of the following is most likely to represent the unique selling proposition at Ryan's Runners? (V chng A Ph T Hoi) Integrate New Products or Services 6. Explain. | 1-499 | $\$17.00$ | 1-399 | $\$17.10$ | When preparing her personal income statement, what figure should Kierstan enter for her income? ". The current ratio is a measure of liquidity that reflects, Your net worth, or your general level of financial worth, is found by. As with many failed mergers and acquisitions, the Bank of America acquisition of Merrill Lynch was unsuccessful because of problems with ________. Suzanne is most likely following the firm's ________. On July 25, Office Rental Company settled its account balance in cash. True or False: The interest charge on your credit card statement should be listed on your personal income statement as a variable expense. 53) Linking HR policies and practices with strategic goals in order to improve business performance is known as ________. Before releasing financial statements, Turnberry management is scrambling to improve the current ratio. What is the first step of the HR audit process? For each of the following transactions, indicate whether the cash flow is an operating, investing, or financing activity for purposes of preparing a statement of cash flows. The seller transfers title to the buyer once the merchandise is shipped. $x \frac{d y}{d x}-2 y=2 x^3 ; y=2$ when $x=1$. \text{More than}\ 120\ \text{days} & \hspace{10pt}\underline{12,000} & 80\\ For Exercises 7.76 to 7.82, calculate the mean and standard deviation of the portfolio. 26) Sweet Leaf Tea, a Texas-based maker of bottled iced tea, is a small but fast-growing firm that has gained a loyal following for its use of fresh, organic ingredients in its beverages. a. Process effectiveness is a measure of how well a process achieves organizational strategy. 88) Which of the following is most likely a true statement about high-performance companies? 48) A business-level strategy is implemented by Pizza Hut, Domino's, Papa John's, and Little Caesar's in their competition with each other for pizza customers. Reduce Inventory Waste 4. The following information is available for Pearl Corp. for the past two years: At the beginning of 20X6, Elm Corp.'s "Allowance for Uncollectible Accounts" had a credit balance of $25,000.During 20X6, account receivable balances totaling $24,000 were specifically written-off as being uncollectible. An individual's perception of the performance of a product or service in relation to one's expectations is known as ________. The first section of a balance sheet represents your, The purpose of using financial ratios is to. Which of the following areas would you be LEAST likely to address in the audit process? Your financial situation is insolvent when, An expenditure over which you have no control and are obligated to make is a. (check all that apply), Below is a list of common control activities. For example, a current ratio of 1.33:1 indicates 1.33 assets are available to meet the short-term liability of Rs. It helps marketers decide how to communicate about and deliver products to consumers and informs marketers based on how individuals make decisions about how to spend their available resources (time, money, effort) on products and services. However, they found that consumers were satisfied with fewer features and unwilling to pay more for the advanced software. True or False: GAAP permits a company to regularly switch its inventory costing method from year to year. Variable costing net operating income is usually closer to the net cash flow of a period than is absorption costing net operating income. What is his net worth? The balance of the Cost of Goods Sold account at the end of the year represents: a. In the consumer decision-making process, the ________ stage focuses on how consumers make decisions. Which of the following ratios would you most likely use? Since most well-run firms utilize a hierarchy of goals to guide major decisions, ________ is especially important to managers at every level to prevent departments from working at cross-purposes. 24) A firm that expands by producing its own raw materials or acquiring a retail outlet to sell its own products is most likely using a strategy of ________. The account "Allowance for Uncollectible Accounts" is classified as a(n): a. Contra asset to accounts receivable in the balance sheet. 80) Which area of an HR audit is most likely being assessed by an HR specialist who is reviewing job descriptions and the employment status of current employees? This is an example of ________. \text{Nichole Chapin} & 480 catch(e){var iw=d;var c=d[gi]("M331907ScriptRootC243064");}var dv=iw[ce]('div');dv.id="MG_ID";dv[st][ds]=n;dv.innerHTML=243064;c[ac](dv); Marie realizes that Barnum needs to make significant changes in its personnel strategy in order to meet the company's goals for the future and improve employee retention rates. In order to generate the desired workforce skills, competencies, and behaviors that a firm needs to achieve its strategic goals, human resource management must first develop ________. Hector and Maria Montez are trying to figure out their financial health. The selling concept focuses on the needs of the ________ and on existing products, while the marketing concept focuses on the needs of the ________. 4. WebStudy with Quizlet and memorize flashcards containing terms like Workforce planning, A trend analysis is limited in its usefulness because it, ratio analysis and more. In the AIRLINE MINI CASE, when Transatlantic upgrades the seat assignment of especially loyal customers, the airline is attempting to increase ________. 45) Cost leadership, differentiation, and focus strategies are types of corporate-level strategies. ________ is defined as the ratio between the customer's perceived benefits and the resources used to obtain those benefits. b. Researchers have identified two interrelated forms of customer engagement with marketers: ________ and ________. A ________ is characterized by the gearing up of manufacturing skills in order to expand production. The 11-year old company has 50 employees, and its products are available in 30% of the U.S. market. Below is a list of various procedures a local retailer has regarding its cash receipts. a. credit to Accounts Receivable b. credit to Accounts Payable c. debit to Accounts Receivable d. credit to Cash e. debit to inventory f. debit to Accounts High and/or increasing acid-test ratios generally indicate that a company is: experiencing solid top-line growth. 87) As an HR manager, you have been given the task of conducting an HR audit. An analysis of accounts receivable suggests that the allowance for doubtful (uncollectible) accounts should be 3% of accounts receivable. This is an example of ________. True or False: As long as a financial planner is certified you need not worry about his ability to provide you with the correct financial plan for your situation. 91120\ \text{days} & \hspace{15pt}9,000 & 40\\ var i=d[ce]('iframe');i[st][ds]=n;d[gi]("M331907ScriptRootC264917")[ac](i);try{var iw=i.contentWindow.document;iw.open();iw.writeln("");iw.close();var c=iw[b];} A plan for controlling and forecasting your cash inflows and cash outflows is called a(n). Gloria always uses Tide laundry detergent and stocks up whenever she sees a sale. What is the first step in the strategic management process? 64) Mona, an HR manager, is using the HR scorecard process to quantify a strategy map. Style BB-01 has a materials cost per unit of $35. Which of the following would you calculate if you were concerned about your financial resources with regards to unplanned money emergencies? A company is most likely to utilize the specific identification method if its inventory consists of: d. All of the above are reasons to utilize the specific identification method. Suppose that you have been operating an online marketing business out of your home, and the business has recently expanded beyond belief. What is her net worth? Which of the following is NOT one of the benefits of retaining loyal customers? Marketing myopia causes companies to focus on crucial changes in the marketplace as they look through the window rather than into the mirror. The racial-ethnic group in the United States with the lowest divorce rate is? c. GE: 10%, JNJ: 50%, MCD: 30%, MRK: 10% A) performing internal audits B) defining the current business C) translating the mission into strategic goals D) implementing a long-term strategy, 2) During the strategic planning process, environmental scanning worksheets WebA company can increase its current ratio by issuing long-term debt or capital stock or by selling noncurrent assets. The 2008 announcement by Starbucks that it would be closing approximately 600 of its stores suggests the firm was using a ________ strategy. Virtualization will help Chen use multiple operating systems on her Windows 10 computer. This information suggests the firm is most likely using a(n) ________ strategy. The company prepared the following aging schedule for its accounts receivable: 4) Vision statements focus on the ________. Which of the following is the best type of record-keeping system to use in maintaining financial records? With regard to ice cream, Gary is best described as a(n) ________. 65) As an HR manager with Northern Airlines, Stan reviews graphs and charts on his computer to understand the relationship between HR activities, employee behaviors, and strategic outcomes. (check all that apply). Which of the following refers to an analysis by which an organization measures where it currently stands and determines what it has to accomplish to improve its HR functions? Sweet Leaf Tea recently received multimillion dollar investments which will enable the business to expand its national presence. How did the growth of the nation and changes in technology contribute to changes in the behavior of candidates? 23) Winchester Rugs operates a website called www.buyrugsdirect.com, so Winchester Rugs is most likely implementing a strategy of ________. Oswego Clay Pipe Company provides services of $46,000 to Southeast Water District #45 on April 12 of the current year with terms 1/15, n/60. 58) The primary purpose of strategic human resource management is to ________. It recorded the cash receipt from a sale to a customer as $46 instead of the actual amount of $64. Journey Inc. is a merchandiser which uses the perpetual inventory system. Which of the following is commonly Which questions do financial ratios help you answer? -a low price., (Figure: Market for Sustainable Furniture) The graph depicts the market for furniture made from sustainable, man-made forests. 61) All of the following are HR tools used to translate a firm's strategic goals into HR policies and activities EXCEPT ________. When units sold exceed units produced, net income under variable costing will generally be ___ net income under absorption costing. b. GTech's ending inventory equals: Given the information in the table below, what is the company's gross profit? Cash that is not available to be used for current operations. The 11-year-old company has 50 employees, and its products are available in 30% of the U.S. market. WebA company can increase its current ratio by issuing long-term debt or capital stock or by selling noncurrent assets. Which of the following is most likely a true statement about high-performance companies? Of the four Ps of the marketing mix, place includes ________. Which type of control activities are designed to detect errors or fraud which have already occurred? Sale: debit Cash 900, credit sales revenue 900. When Samsung incorporated twitter comments about the iPhone into its advertising pitch, it was taking advantage of which facet of the interactive exchange? A company must guard against a current ratio that is too high, especially if caused by idle cash, slow-paying customers, and/or slow-moving inventory. (check all that apply). Dec. $\hspace{2pt}31$. The societal marketing concept advocates a short-term perspective in driving for increased market share and quick profits. If the company uses FIFO to calculate cost of goods sold, then its gross profit will be $5 _____ han if it had used LIFO. The team has already defined the current business and mission. The following information relates to inventory for Saints, Inc. WebStudy with Quizlet and memorize flashcards containing terms like The three financial ratios that constitute return on revenue are Cost of goods sold/Revenue, Research & Development expense/Revenue, and A. Determine the budgeted cell conversion cost per hour. | 500-999 | $16.75$ | 400-799 | $16.85$ | c. HR managers need to show how their HR Kareem has $6000 in monetary assets and $2000 in current liabilities. The sales director at WebMD is calculating annual sales revenue targets and the number of new medical-related content providers that the firm needs to maintain a competitive advantage. As consumers spend more time online and have more technological tools that enable them to avoid exposure to TV ads, marketers are ________. Strategic planning primarily benefits a firm's managers by ________. In the RYAN'S RUNNERS MINI CASE, by portraying his store as a one-stop-shop for all your running needs, Ryan has developed a distinct image for his store. The production concept makes sense for a business when ________. Accounting profitability/Revenue. b. GE: 5%, JNJ: 30%, MCD: 40%, MRK: 25% In order to implement a marketing plan, Apple needs a(n) ________ that will address its productive assets like the factories, machines, and facilities required to manufacture and distribute its popular iPods. Increasing a product's use, Finding new customers, Creating a new use situation, Match the example Recent reports show that GM's product recalls for the first half of the year are higher than for the entire previous year. The cost schedules of two suppliers are as follows: In addition, the rate of productivity among employees is not as high as executives would like. This customer owed Wolfpack $1,000. ", Find the fraction of a circle subtended by the following angles. Which of the following is an example of how the Internet affects prices and distribution? Which of the four disciplines that helps shape our understanding of consumer behavior compares human societies' culture and development? Which of the following determinants of customer satisfaction with online websites and merchants while shopping online is characterized by the merchant's ability to match purchase recommendations to one's needs and customize products and advertisements so the customer feels unique and valued? 13) The primary tool used by managers who are performing external and internal audits as part of the strategic management process is the ________. 39) The first step in the strategic management process involves defining the current business and mission. Which of the following is the most significant difference between managerial planning and the basic planning process? Although Chen may use sandboxing when testing a web application, she needs to implement virtualization to solve the current problem. 41) A diversification corporate strategy involves expanding a firm by producing necessary raw materials. WebStudy with Quizlet and memorize flashcards containing terms like _____ allocates the goods and services produced by government-run industries and tries to ensure that the resulting wealth is distributed equally., Among free market theorists, the principle of laissez-faire means _____., Generally speaking, economic systems can be divided into _____ e. All of the other answers would cause the two cash balances to differ. a. Are you in agreement or disagreement with the statement: "Democracy would be best served if campaigns were entirely supported by the small contributions of millions of American voters. WebCurrent liabilities have mounted faster than current assets, causing the current ratio to fall to 1.47. The downside of electronic communications is marketers have less ability to gauge the effectiveness of their promotional messages than they did via traditional media outlets. What would happen to your net worth if you sold a tangible asset you owned for $1,000 and used the money to pay off your credit card balance for $1,000? Assets that you purchase for the purpose of accumulating wealth to satisfy your financial goals are called. $$ B. Wrote off account of B. The selling concept does not consider customer satisfaction because consumers who are aggressively induced to buy products they do not want or need will not buy them again. The common thread among investment assets is that. WebStudy with Quizlet and memorize flashcards containing terms like Management Framework, 1. What is the next step in the strategic management process? An increase in current ratio can mean a company is 'growing into' its capacity. 7) Holt Tractor Company needs a new strategic plan as a result of losing market share to other farm equipment companies. SMART goals set by managers are ________. April 1: Debit Notes Receivable 10,000; Credit Service Revenue 10,000, Which of the following is an example of a contra-asset account? Additionally, $7,500 is deducted each year in taxes. Alysha has $500 in monetary assets and $5,000 in current liabilities. 19) What does a company's functional-level strategy identify? In the CAR MINI CASE, by offering a variety of cars to choose from, General Motors was able to differentiate itself from Ford by demonstrating to consumers that it could offer ________. WebA current ratio that is below 1.0 signifies a company's inability to pay its short-term liabilities with its current assets. Which of the following provides a comprehensive view of both a firm's current situation and its goals for the next 3 to 5 years? Packaging and warranties are elements of which of the four Ps? Social media transformed ________ by giving companies a way to easily collect input and customers' preferences. They will pay off their car loan in three years, their gross household income is $5,700 per month, and they receive $95 per month in interest income from their investments. Below are select examples of some of the control activities that a large department store of men and women's clothing has in place. If a companys current ratio falls below 25) Starbucks announced that it will be closing approximately 600 of its stores. Consolidation keeps the company's strategy up-to-date by assessing progress toward strategic goals and taking corrective action as needed. Suppose that Cathy's assets include an automobile worth $10,000 and a checking account with a $5,000 balance, while her liabilities include a student loan balance of $2,000 and a car loan balance of $8,000. Additionally, $9,000 is deducted each year in taxes. \hline \text { Number of calls } & 0 & 1 & 2 & 3 & 4 & 5 \\ in one minute? 97) MAX Computers manufactures affordable laptops and desktops at its factory in Arizona. A part or activity within an organization about which managers would like cost, revenue or profit data is called a ____. Although beverage industry experts recommended that Sweet Leaf replace the organic cane sugar and honey it uses with less costly high-fructose corn syrup, Sweet Leaf refused because of the company's mission to provide a high-quality, organic beverage to consumers. 30) Which term refers to any factors that allow a firm to differentiate its product or service from those of its competitors to increase market share? Although beverage industry experts recommended that Sweet Leaf replace the organic cane sugar and honey it uses with less costly high-fructose corn syrup, Sweet Leaf refused because of the company's mission to provide a high-quality, organic beverage to consumers. $$ A common rule of thumb for acid test ratio is that companies with 1.0 or more are sufficiently able to meet their short-term liabilities. 66) Human resource strategies are the ________ used to produce the desired workforce skills, competencies, and behaviors needed to support a firm's strategic goals. Purchase behavior and post purchase evaluation are elements of the input stage of the consumer decision-making model. GTech Toys has beginning inventory for the year of $18,000. WebWhat is good current ratio for company? Much like traditional television advertising, digital technologies allow for two-way interactive exchanges between customers and marketers. The production orientation makes sense in developing countries where the main objective is to make products available to the maximum number of consumers at the lowest prices. The essence of positive synergy can be found in the phrase: A. The process and tools used to study consumer behavior are characterized by the term ________. Winchester Rugs operates a web site called www.buyrugsdirect.com, so Winchester Rugs is most likely using a strategy of ________. Apr. On April 6, the Bank of Algeria announced that it was easing solvency, liquidity and NPLs ratios for banks. What is the likely advantage of extending credit to customers? a. absorption costing net income is equal to variable net income. Hall, which had been written off on March $13$. Andy Inc. also has the following information for its accounts receivable and the estimated percentages of bad debts for different past-due amounts: Inventory records for Dunbar Incorporated revealed the following: Beginning inventory is $40,000. Implementing the marketing concept includes consumer research, market segmentation, a combination of the product, price, place and promotion strategies, providing value, and long-term customer satisfaction and retention. Of the four Ps of the marketing mix, promotion includes ________. c. Cash 50,000 Accounts Receivable 50,000. 20) A diversification corporate strategy implies that a firm will ________. The firm's greatest problems relate to its employees. Product costs under absorption costing are: Fixed manufacturing overhead costs are expensed as units are sold as part of COGS under ____ costing, and expensed in full with period costs under ___ costing. The Techron II costs $475,000, has a five-year life, and has pretax operating costs of$36,000 per year. In the AIRLINE MINI CASE, by tracking flight searches and developing services to better meet customers' unfulfilled needs, Transatlantic adheres to the ________. Cash: Cash is the most liquid asset in a business. Below is their financial information to complete an income statement. Consumer behavior includes the behavior that consumers display in searching for, purchasing, evaluating and disposing of products and services. Absorption costing can lead managers to mistakenly believe that fixed manufacturing overhead costs will ___ as the number of units produced increases. True or False: The direct write-off method of accounting for bad debts is not an application of GAAP. bi: Phn tch tm trng v hnh ng ca nhn vt M trong m cu A Ph 94) The primary purpose of implementing high-performance practices such as recruiting, screening, and training is to ________. The 11-year-old company has 50 employees, and its products are available in 30% of the U.S. market. When the number of units produced equals the number of units sold: One mistake companies make when preparing segmented income statements is arbitrarily assigning ___ fixed costs to segments, a. could reduce the overall profits of the company. B. increases costs and decreases differentiation. On April 1, 20X1, Akash Corp. received a $10,000, 12-month, 12% note in exchange for services provided to a customer. 100) High performance companies are more likely than low-performance companies to ________. a. 3) A ________ statement indicates the firm's intended direction and evokes emotional feelings in organization members. The ratio of the company's debt to its investment is 0.5. The Sarbanes-Oxley Act requires that companies must: b. Which of these purchases are difficult to track and monitor on his budget? Khi c tc p[]. True or False: Before you can hope to achieve your financial goals, you will need to first measure your current financial health and develop a plan and a budget. At December 31, HeelCo reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (debit) before any adjustments. d. Incorrect. Socially responsible activities can result in ________. During the month, 15 units were purchased for $11 each. Define consumer behavior. 67) The employee manual at Go-Tech states that the firm "complies with all laws, regulations, and principles of ethical conduct." C. Total return to shareholders/Revenue. This statement is an example of a Go-Tech ________. C) The Incorrectly or arbitrarily assigning common costs to segments: if a segment is eliminated, ___ fixed costs that are not traced to the segment will not change. 46) A vertical integration strategy means that the firm will expand by adding new product lines. The amount of the adjustment for uncollectible accounts would be: The current year's beginning and ending credit balances for Allowance for Uncollectible Accounts is $23,000 and $27,000, respectively. Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Don Herrmann, J. David Spiceland, Wayne Thomas, Carl S Warren, James M Reeve, Jonathan E. Duchac. Which of the following statements are correct regarding income statements prepared under variable and absorption costing? Sweet Leaf Tea recently received multimillion dollar investments which will enable the business to expand its national presence. Marketing-oriented companies try to persuade consumers to buy what the firm has already produced, regardless of whether those goods satisfy consumers' needs. 36) A mission statement is a general statement of a company's intended direction that evokes emotional feelings in the organization's members. Indicate which of the following statements is TRUE with respect to internal controls. Which of the following best explains the increased success of mergers and acquisitions in recent years? (adsbygoogle = window.adsbygoogle || []).push({}); (function(){ During its first year, California Clothing issued 100,000 shares and reacquired 10,000 shares it held as treasury stock. | :---: | ---: | ---: | ---: | Walmart's use of Twitter chatter to inform their decision to sell cake pops is an example of social media's impact on ________. Kevin's business is exhibiting the ________. Human resource strategies are the ________ used to support a firm's strategic goals. a. Which of the following activities most likely indicates that a firm is implementing a vertical integration strategy? The key assumption underlying the marketing concept is that ________. WebGapminder is an independent Swedish foundation with no political, religious or economic affiliations. Malfoy Corp. has the following inventory information available for the month of June: For each of the following statements, indicate whether the correct answer is FIFO, LIFO, or neither. July $\hspace{9pt}9$. He allocates more of his budget to customer retention than customer acquisition. What is the scope of consumer behavior? Economic value created/Revenue. If the probability that the bicycle will be stolen during the year is $.08$ (empirically determined), what is the expected value of the policy? When consumers use online sites to compare models and brands of products and click for more technical information, companies gain information about ________. On December 31, 2020, Andy Inc. has a debit balance of $1,500 for the Allowance for Uncollectible Accounts before any year-end adjustment. 98) High-performance work organizations are most likely characterized by all of the following EXCEPT ________. Which of the following tasks is Mona LEAST likely to perform? How many meters does a car traveling at a kph cover in one hour? Customers have different expectations when they purchase a Lexus than when they purchase a Hyundai. No matter where we are born, we all have the same biological needs: needs for food, nourishment, water, air and shelter from the environment's elements. An expenditure over which you have no control, are obligated to make, and is generally at a constant level each month is called a ________ expenditure. The use of human resource metrics is essential for ________. Wrote off the remaining balance as uncollectible.\ 96) MAX Computers manufactures affordable laptops and desktops at its factory in Arizona. 56) Which of the following is NOT part of strategic planning? 29) Walmart competes on price, while Target competes on style. The following transactions took place during October: Any credit balance in a vendor subsidiary account is an unpaid balance owed. A(n) ________ is a reserve or rainy-day fund with money set aside to be used for unexpected expenses or when normal income has been disrupted. c. The "Allowance for Uncollectible Accounts" account has a credit balance of $1,000 which implies that last year's estimate of bad debts was overestimated (too high). 86) Which of the following refers to an analysis by which an organization measures where it currently stands and determines what it has to accomplish to improve its HR functions? 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